SBP data shows MNCs’ profit repatriation hits 17-month high at $163.7m in Sept 2023

Fertiliser, steel industries may be forced to raise prices to pass on cost to consumers

Central bank keeps growth projection unchanged at 2-3% for FY24

Pakistan produces 44,138 GWh in first three months of FY24

SBP has no intention to discontinue Rs75 notes that will remain in circulation

Shows just $8m deficit, down 98% compared to last year

Decision driven by persistent losses, no dividend payments to shareholders

Domestic currency had experienced a sharp drop of 1.16% reaching a one-week low at Rs280.29 per US dollar yesterday

Still output jumps 62% to 5.99m bales in first 3-1/2 months of current season

Depreciates 0.07% on uptick in dollar demand